The Europe Data Center Interconnect Market would witness market growth of 13.5% CAGR during the forecast period (2021-2027).
The expansion of the data centre interconnection market is primarily driven by increased awareness of multiple benefits of data centre interconnect, such as simple access, enhanced convenience, robust encrypted data, connecting with various data segments, and the increased implementation of 5G technology. On the other hand, need for high investment in configuration is limiting the growth of the data centre interconnect market.
As 5G technology gains traction in the data centre interconnect industry, it is expected to bring with it massive, rapid, and dense data streams, necessitating the expansion of data centre capacity. It is intended to allow 5G, which necessitates a seamless network that connects all interactions and devices, making data transport, storage, and transmission simple. As a result, businesses are anticipating a tremendous potential in the data centre connectivity industry as 5G becomes more widely available.
The European region is witnessing the growing number of data centres, increased investment in cloud technologies, and the expansion of end-user markets. The region's tough legislation, such as GDPR and the Personal Data Protection Initiatives (Gaia-X), are driving the development of local data centre.
In addition, Germany, the United Kingdom, the Spain, and France are among the prominent countries in the region that have invested and adopted the data center interconnect solutions significantly. This is primarily due to the rapid rate of cloud technology adoption.
Microsoft, for example, has recently increased its European data centre capacity. Microsoft, in August 2019, had doubled the size of its Azure regions in the United Kingdom by adding availability Zones, increasing computing capacity by more than 1,500 percent since the region's introduction. They've been used by over 100,000 Microsoft employees and millions of customers to create their own products and release them to the cloud and on-premise data centres.
The Germany market dominated the Europe Data Center Interconnect Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,295.6 million by 2027. The UK market is poised to grow at a CAGR of 12.6% during (2021 - 2027). Additionally, The France market would display a CAGR of 14.3% during (2021 - 2027).
Based on Type, the market is segmented into Products (Packet-Switching Networking and Optical DCI), Software, and Services. Based on End User, the market is segmented into Internet Content Providers/ Carrier-Neutral Providers, Communication Service Providers, Enterprises, and Government. Based on Application, the market is segmented into Real-time Disaster Recovery & Business Continuity, Shared Data & Resources/Server High-availability Clusters (Geoclustering), and Workload (VM) & Data (Storage) Mobility. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Center Interconnect Market Size will Hit $18.3 Billion by 2027, at a CAGR of 13.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huawei Technologies Co., Ltd., Cisco Systems, Inc., Ciena Corporation, Infinera Corporation, ADVA Optical Networking SE, Nokia Corporation, Juniper Networks, Inc., Fujitsu Limited, Colt Technology Services Group Limited, and Extreme Networks, Inc.
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